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![David_Grid Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3331264817.png) David Grider [@David_Grid](/creator/twitter/David_Grid) on x 9526 followers
Created: 2025-07-28 12:12:31 UTC

5/ While $BMNR’s stock price of ~$40 is roughly flat since the start of the month, we estimate that the stocks NAV multiple has gotten over ~80% cheaper, declining to ~1.6x due to the company's strong ETH per share growth largely via ATM issuance

![](https://pbs.twimg.com/media/Gw8YocGXoAAMClA.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949805164845535632/c:line.svg)

**Related Topics**
[atm](/topic/atm)
[nav](/topic/nav)
[stocks](/topic/stocks)
[$bmnrs](/topic/$bmnrs)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/David_Grid/status/1949805164845535632)